Effective November 13, Nigerians may begin to buy fuel from filling stations at prices between N172 and N175, or higher. This is because the Petroleum Products Marketing Company (PPMC) has adjusted the ex-depot price of Premium Motor Spirit, also known as petrol, from N147.67 to N155.17. The PPMC is a subsidiary of the Nigerian National Petroleum Corporation, NNPC, and currently imports almost all of Nigeria’s petrol. A memo, seen by ait.live dated November 11, shows that the new price regime becomes effective on November 13, 2020. The memo, signed by Ali Tijani of the PPMC, shows that the landing cost…
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